Welcome to our dedicated page for Ltc Properties news (Ticker: LTC), a resource for investors and traders seeking the latest updates and insights on Ltc Properties stock.
LTC Properties, Inc. (NYSE: LTC) is a real estate investment trust (REIT) that focuses on seniors housing and health care properties in the United States. The news flow around LTC commonly reflects its activity in acquiring, financing, leasing and recycling capital across seniors housing communities and skilled nursing centers, as well as updates on its capital structure and dividend declarations.
Readers following LTC news can expect regular announcements about its Senior Housing Operating Portfolio (SHOP), including acquisitions of independent living, assisted living and memory care communities, and the expansion of relationships with operating partners. Recent releases have described SHOP acquisitions in states such as Wisconsin, Tennessee and Georgia, and the growth of SHOP as a percentage of LTC’s overall real estate portfolio.
LTC’s news also covers portfolio management actions, such as the sale of older skilled nursing centers and the redeployment of proceeds into newer, stabilized SHOP assets. These updates often include information on portfolio composition by asset type, illustrating the company’s emphasis on increasing its seniors housing exposure while maintaining skilled nursing investments.
Another recurring theme in LTC’s news is its capital structure. The company reports on amendments to its unsecured credit facility, the establishment of term loans, interest rate swap arrangements, and activity under its equity distribution agreement. In addition, LTC issues press releases about monthly common stock cash dividends, including record and payment dates and per-share amounts.
For investors and observers, the LTC news page provides a centralized view of these developments, offering context on how the company is investing in seniors housing and health care properties, managing its balance sheet and updating shareholders on dividends and operating performance.
LTC Properties (NYSE: LTC), a REIT focusing on seniors housing and healthcare, will participate in the Virtual 2nd Annual Mizuho Healthcare REIT Conference on April 6, 2021. The company will provide a presentation package available online at its investor relations site. LTC's portfolio includes 181 investments across 27 states, equally split between seniors housing and skilled nursing properties. This event showcases LTC’s commitment to the healthcare sector while providing stakeholders insights into its operations and future strategies.
LTC Properties, Inc. (NYSE:LTC) declared a monthly cash dividend of $0.19 per common share for the second quarter of 2021. The payments are scheduled for April 30, May 28, and June 30, 2021, with record dates of April 22, May 20, and June 22, 2021. LTC is a real estate investment trust focused on seniors housing and healthcare properties, with 181 investments across 27 states, evenly split between seniors housing and skilled nursing. This dividend reflects the company’s commitment to shareholder returns.
LTC Properties Inc. (NYSE: LTC) has appointed Cornelia Cheng to its Board of Directors, effective April 1, 2021, expanding the board to six members, with 50% being women. Cheng brings over 20 years of experience in corporate finance, M&A, and REITs, notably serving as Managing Director at Brightwood Capital Advisors. The board also announced the formation of a new committee focused on diversity and ESG initiatives, which Cheng will chair. This addition is expected to enhance board performance and strategic direction as LTC continues to invest in its seniors housing and healthcare property portfolio.
LTC Properties Inc. (NYSE: LTC) announced participation in the Virtual 24th Annual Wells Fargo Real Estate Securities Conference on February 24, 2021. The presentation package will be accessible on LTC's website. As a real estate investment trust, LTC focuses on seniors housing and health care properties through diverse financial strategies, holding 181 investments across 27 states with a balanced portfolio of 50% seniors housing and 50% skilled nursing properties. For more information, visit www.LTCreit.com.
LTC Properties (NYSE: LTC) reported a net income of $17.5 million, or $0.45 per diluted share, for Q4 2020, up from $12.4 million, or $0.31 per diluted share, in Q4 2019. Funds from Operations (FFO) decreased to $30.4 million, or $0.78 per share, compared to $32.4 million, or $0.81 per share, in 2019. The quarter was impacted by a $3.0 million impairment loss and decreased rental income from abated and deferred rent. LTC is transitioning 11 assisted living communities to new operators, expecting cash rent of $5.2 million in the first year.
LTC Properties (NYSE:LTC) will release its fourth-quarter earnings on February 18, 2021, after market close. A conference call is scheduled for February 19, 2021, at 8:00 AM PT to discuss performance and results for the quarter ending December 31, 2020. Interested parties can access the live call through a provided toll-free number or via webcast on the company’s website. LTC is a REIT focused on investing in seniors housing and healthcare properties, holding 181 investments across 27 states.
LTC Properties (NYSE: LTC), a real estate investment trust focusing on seniors housing and healthcare, will have senior management participate in the Capital One Securities Inaugural REIT Conference on January 11-12, 2021. Additionally, they will participate in the Stifel 2021 Seniors Housing and Healthcare Real Estate Conference on January 19, 2021. Presentation packages will be available on their website. LTC owns 181 investments across 27 states, split evenly between seniors housing and skilled nursing properties.
LTC Properties announced a monthly cash dividend of $0.19 per common share for January, February, and March 2021. These dividends are payable on January 29, February 26, and March 31, 2021, to shareholders of record on January 21, February 18, and March 23, 2021, respectively. The company operates as a real estate investment trust (REIT) focused on seniors housing and healthcare properties across 27 states and holds 181 investments, splitting evenly between seniors housing and skilled nursing properties.
LTC Properties, Inc. (NYSE: LTC) is reducing 2021 rent escalations by 50%, providing a rent credit to support its operating partners during the COVID-19 pandemic. This decision is expected to impact first quarter GAAP revenue by approximately $560,000 and funds available for distribution (FAD) by about $1.4 million, or $0.03 per diluted share. The company aims to assist partners by allowing them to apply the full reduction toward January rent, balancing this aid with its fiduciary responsibilities to shareholders. LTC holds 181 investments across 27 states, primarily in seniors housing and skilled nursing.
LTC Properties Inc. (NYSE: LTC) will present at the JMP Securities Financial Services and Real Estate Conference on November 12, 2020. The presentation package will be accessible on the company's website. LTC is a real estate investment trust focusing on seniors housing and health care properties, operating with 181 investments across 27 states. The portfolio is evenly split between seniors housing and skilled nursing properties, partnering with 29 operating partners. For further details, visit www.LTCreit.com.